The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 70,990
The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 71,000
52 kg of gold and Rs 9.86 crore in cash were found in an abandoned SUV near a Bhopal forest, raising suspicions of links to ongoing raids on real estate businesses
Gold price today: Bears eye $2537 (Rs 74,000), the cycle-low made on November 14, for Gold. Resistance is at $2630 (Rs 76,700)
Gold prices in the world's second biggest buyer of the precious metal have surged 22% so far this year, after rising 15% in 2023
Markets are pricing in a 95.4% chance of a 25 basis points cut in this meeting, expected to be announced at 2 p.m. EST (1900 GMT), according to CME's FedWatch tool
Gold price today: Spot gold is likely to consolidate ahead of the US FOMC monetary policy decision due tonight
The price of 22-carat gold also stumbled Rs 10, with ten grams of the yellow metal selling at Rs 72,290
Gold price today: The World Gold Council, in a report released on December 12, stated that after a record-breaking year of 2024, the metal is expected to rise at a slower pace in 2025
Price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 79,460
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 72,860
Gold and silver are maintaining their appeal as safe-haven investments as the market navigates a mix of economic and geopolitical challenges
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 72,060
Traders are pricing an 87per cent chance of a 25-basis-point interest rate cut at next week's Fed meeting, up from 61.6per cent last week, according to the CME Group's FedWatch Tool, which would mark
The price of 22-carat gold also stumbled Rs 10, with ten grams of the yellow metal selling at Rs 71,140
Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day
Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India (RBI) which added 27 tonnes of the precious metal to its reserves, the World Gold Council (WGC) said on Thursday. India added 27 tonnes of gold in October, bringing its total gold purchases to 77 tonnes from January to October, according WGC data based on reported monthly data from the International Monetary Fund (IMF). This buying by RBI represents a five-fold increase as compared to the same period of 2023, said WGC. According to the data, with this purchase the total gold reserve of India is now at 882 tonnes, of which 510 tonnes are held in India. WGC further stated that emerging market central banks continued to dominate the market with Turkey and Poland adding 72 tonnes and 69 tonnes from January-October 2024, to their gold reserves, respectively. These three central banks alone accounted for 60 per cent of total global net purchases reported this year, it added. Meanwhile,
Price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai, and Hyderabad at Rs 77,770
Pre-market update: The strength in the Sensex, Nifty 3-day rally is likely to be tested on Wednesday amid tepid cues and as focus shifts towards the RBI policy.